Output-side Real GDP at Current Purchasing Power Parities for Sweden
CGDPOSSEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
527,787.81
Year-over-Year Change
23.64%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Sweden, adjusted for purchasing power parity (PPP). It provides insights into the size and growth of the Swedish economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The output-side real GDP at current PPPs for Sweden is a key metric used to assess the country's economic performance. It allows for international comparisons by accounting for differences in price levels between countries.
Methodology
The data is collected and calculated by the World Bank using national accounts data.
Historical Context
This trend is widely used by economists, policymakers, and investors to evaluate Sweden's economic health and competitiveness.
Key Facts
- Sweden's output-side real GDP at current PPPs was $522 billion in 2021.
- This metric has grown at an average annual rate of 2.4% over the past decade.
- Sweden ranks among the top 20 economies globally by this measure.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Sweden, adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the size and growth of the Swedish economy, allowing for international comparisons while accounting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to evaluate Sweden's economic health and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be a lag in availability compared to more frequently reported economic indicators.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Sweden (CGDPOSSEA666NRUG), retrieved from FRED.